Ramco-Gershenson Properties Trust Sees Large Volume Increase After Better-Than-Expected Earnings (RPT)
Ramco-Gershenson Properties Trust (NYSE:RPT) saw unusually-strong trading volume on Wednesday following a better than expected earnings announcement, Analyst Ratings Network reports. Approximately 826,909 shares traded hands during trading, an increase of 114% from the previous session’s volume of 385,937 shares.The stock last traded at $16.95 and had previously closed at $16.88.
The company reported $0.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.30 by $0.01.
The stock has a 50-day moving average of $16.6 and a 200-day moving average of $16.29. The company has a market cap of $1.156 billion and a price-to-earnings ratio of 844.00.
Ramco-Gershenson Properties Trust is a fully integrated, self-administered equity real estate investment trust (NYSE:RPT).
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